The new tax regime offers five income tax slabs to taxpayers. The highest income tax rate of 30% is applicable if the net taxable income exceeds Rs 15 lakh. The new tax regime offers a tax rebate of ...
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What are tax slabs, and how do they work? Tax slabs are the brackets under which your income is taxed at increasing rates as you earn more. With the introduction of the new tax regime, these slabs ...
The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...
Under the new slabs, taxpayers with Rs 12 lakh annual income will get a benefit of Rs 80,000 and those earning Rs 18 lakh will get a benefit of Rs 70,000, Ms Sitharaman told the parliament.
By Saikou Jammeh Reporting from Dakar, Senegal Three military-ruled countries have officially withdrawn from the West African regional alliance known as ECOWAS, the bloc said on Wednesday ...
Income Tax 2025: Nirmala Sitharaman’s 2025 budget introduces a revamped tax structure, eliminating income tax for earnings up to Rs. 12 lakh. (REUTERS) Union Finance Minister Nirmala Sitharaman ...
Finance Minister Nirmala Sitharaman announced that the government will provide rebates to those earning up to Rs 12 lakh ...
JOHANNESBURG (AP) — Lots of hair shedding, tons of fun and a constant invasion of your personal space. That’s what you’re going to get with a pug, according to Cheryl Gaw, who has seen more ...
The Budget did not make any changes to the tax rates or slabs in the old tax regime, making it unattractive. Taxpayers opting for the new tax regime are not allowed to claim deductions or rebates ...